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Fortune
Fortune
Nick Lichtenberg, Fortune Intelligence

Jamie Dimon bought his first stock at 14. His billion-dollar management philosophy: 'Don’t blow up'

Jamie Dimon (Credit: Cyril Marcilhacy/Bloomberg via Getty Images)

When Jamie Dimon bought his first stock as a teenager, he could scarcely have imagined that, half a century later, his core investment lesson—don’t blow up—would underpin the risk culture of the world’s most powerful bank. Dimon, now the longtime CEO of JPMorgan Chase, discussed this formative lesson and its profound impact on his management style during a recent appearance on the “Acquired” podcast, taped live at New York’s Radio City Music Hall.

Early lessons from Wall Street’s roller coaster

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